The market value of composites in the United States amounted to more than 14 billion U.S. dollars in 2019. That was an increase of more than five billion U.S. dollars compared to the 2013 U.S. market value of composites. Composite materials have a high strength to weight ratio, and are in high demand from the automotive industry for lightweighting purposes because of this.

US Automotive Composite Materials Market is Segmented by Application Type (Structural Assembly, Powertrain Component, Interior, Exterior, and Others), Process Type (Hand Layup / Manual Process, Compression Molding, Injection Molding, and Continuous Process), and Material Type (Thermoset Polymer, Thermoplastic Polymer, Carbon Fiber, and Glass Fiber).

This statistic shows the market value of carbon fiber composites in the United States from 2013 to 2015, with forecasted figures for 2016 to 2024. It is forecasted that the market value of carbon fiber composites will be seven billion U.S. dollars in 2024.

The US Defense Composites Market size was valued at USD 10.3 Billion in 2024 and is projected to reach USD 15.51 Billion by 2032, growing at a CAGR of 5.6% from 2025 to 2032.

Key Market Drivers:

The Increased Emphasis on Lightweight Materials: According to the Department of Defense’s 2023 budget report, budgetary allocations for lightweight composite materials research and development increased by 15% over the previous fiscal year. This move is motivated by the fact that composite materials may lower aircraft weight by 20-30% when compared to standard metallic materials, resulting in substantial fuel savings and improved performance.

Increased Demand for Ballistic Protection and Armor Systems: According to the U.S. Army’s Program Executive Office Soldier, composite armor systems can be 40% lighter than traditional armor while providing similar or higher protection levels.

The U. S Automotive Thermoplastic Polymer Composite Market is Segmented by Production Type (Hand Layup, Resin Transfer Molding, Vacuum Infusion Processing, Injection Molding, and Compression Molding), by Application Type (Structural Assembly, Power Train Components, Interior, Exterior, and Others)

This statistic shows the market value of glass fiber composites in the United States from 2013 to 2015, with forecasted figures for 2016 to 2024. It is forecasted that the market value of glass fiber composites will be 9.8 billion U.S. dollars in 2024.

The anticipated size of the automotive composites market in 2022 was US$ 7.2 billion and is estimated to be US$ 8.3 billion in 2023. Robust growth in environmental concerns and demand for pollution control norms have forced automotive manufacturers for controlling automotive emissions.

Attributes	Details
Projected Forecast Value (2022)	US$ 7.2 billion
Projected Forecast Value (2023)	US$ 8.3 billion
Projected Forecast Value (2033)	US$ 26.1 billion
Growth rate	12.1% CAGR
Forecast period	2023 to 2033

Report Scope

Report Attributes	Details
Growth Rate	CAGR of 12.1% from 2023 to 2033
Market value in 2023	US$ 8.3 billion
Market value in 2033	US$ 26.1 billion
Base Year for Estimation	2023
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	US$ billion for Value and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	By Country By Material By Application By Vehicle Type By Resins
Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia The Middle East & Africa
Key Countries Profiled	The United States Canada Brazil Mexico Rest of Latin America Germany The United Kingdom France Spain Italy Rest of Western Europe Poland Russia Czech Republic Romania Rest of Eastern Europe India Bangladesh Australia New Zealand Rest of South Asia and the Pacific China Japan South Korea GCC Countries South Africa Israel Rest of the Middle East and Africa
Key Companies Profiled	Toray Industries Inc. Gurit Holding AG Solvay Group SGL Carbon SE Teijen Limited Mitsubishi Chemical Holding Owen Corning E.I. du Pont de Nemours & Co. UFP Technologies Inc. Quantum Composites
Customisation Scope	Available on Request

The US advanced composites market, exhibiting a robust Compound Annual Growth Rate (CAGR) exceeding 13%, presents a compelling investment opportunity. Driven by the increasing demand for lightweight, high-strength materials in aerospace, automotive, and wind energy sectors, the market is projected to reach significant value in the coming years. The preference for fuel-efficient vehicles and the expanding adoption of renewable energy sources are key growth catalysts. Within the production types, processes like resin transfer molding and vacuum infusion processing are gaining traction due to their ability to produce high-quality, complex parts. Similarly, the demand for carbon fiber reinforced polymers is surging, propelled by their superior mechanical properties compared to traditional materials like glass fiber. The automotive industry, a major consumer of advanced composites, is actively integrating these materials into structural assemblies, powertrain components, and vehicle exteriors to enhance performance and fuel economy. However, the high initial cost of advanced composite materials and manufacturing processes remains a significant restraint, limiting wider adoption in certain applications. Furthermore, the need for specialized skills and infrastructure for composite manufacturing presents challenges for smaller companies. Despite these constraints, ongoing technological advancements and government initiatives supporting the development and adoption of advanced composite materials are poised to mitigate these challenges and fuel continued market expansion. The segmentation of the US advanced composites market reveals a diverse landscape. Thermoset polymers currently dominate the material type segment, reflecting their established position in various applications. However, thermoplastic polymers are gaining momentum due to their recyclability and potential for automated processing. The application-based segmentation underscores the significance of the automotive and aerospace sectors, which are leading adopters of advanced composites. The presence of major players like BASF, Toray Industries, and Teijin Limited indicates significant industry consolidation and a focus on technological innovation. The geographic distribution within the US market showcases a concentration of manufacturing and application in key industrial centers, with potential for future growth across various regions as adoption expands. While data on specific market size for the US is missing, the overall global CAGR and market drivers strongly suggest a significant and rapidly expanding US market share within the advanced composites sector, projected for substantial growth throughout the forecast period (2025-2033). This comprehensive report delves into the dynamic US advanced composites industry, providing a detailed analysis of market size, trends, and future projections. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report is your essential guide to navigating this rapidly evolving sector. The report uses data in millions of units to provide a clear picture of the market's value and growth potential. It explores key segments like carbon fiber, glass fiber, thermoplastic polymers, automotive applications, and more. This analysis will help you understand the competitive landscape, identify lucrative investment opportunities, and make informed business decisions. Key drivers for this market are: 4., Increasing demand from automobile industry4.; Increased focus on precision products. Potential restraints include: 4., The cost of production and transportation4.; Regulations and quality standards. Notable trends are: Growing Demand for Lightweight Materials.

The United States Automotive Glass Fiber Composites Market is Segmented by Intermediate Type (Short Fiber Thermoplastic (SFT), Long Fiber Thermoplastic (LFT), Continuous Fiber Thermoplastic (CFT), and Other Intermediate Types), and Application Type (Interior, Exterior, Structural Assembly, Power-Train Components, and Other Application Types)

US Automotive Composites Market size was valued at USD 4.3 Billion in 2023 and is projected to reach USD 7.2 Billion by 2031, growing at a CAGR of 6.65% from 2024 to 2031.

US Automotive Composites Market: Definition/Overview

Automotive composites are defined as materials that are composed of two or more constituent materials with significantly different physical or chemical properties. These materials, when combined, are observed to produce a material with characteristics different from the individual components. The primary components that are utilized include reinforcing fibers and a matrix material.

Furthermore, automotive composites are extensively employed in various vehicle components, where weight reduction and structural integrity are prioritized. The properties that are sought after include a high strength-to-weight ratio, corrosion resistance, and design flexibility. These characteristics are leveraged to enhance fuel efficiency, reduce emissions, and improve overall vehicle performance.

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Composite Materials Market Size 2024-2028

The composite materials market size is forecast to increase by USD 32.46 billion at a CAGR of 10.94% between 2023 and 2028.

The rising demand for composite materials in the transportation industry is the key driver of the composite materials market, as manufacturers seek lightweight, durable, and fuel-efficient solutions. The upcoming trend is the strategic collaboration, partnerships, and mergers and acquisitions within the market. These alliances are helping companies strengthen their capabilities, expand product portfolios, and improve innovation in medical composites, accelerating the development and adoption of advanced composite materials in transportation applications as well as others such as aerospace.
However, the high cost of composites remains a significant challenge, limiting their widespread adoption in mass markets. To address this challenge, manufacturers are exploring new production methods and technologies to reduce costs while maintaining the material's desirable properties.

What will be the Size of the Composite Materials Market During the Forecast Period?

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The market In the United States is experiencing significant growth due to the increasing demand for lightweight, high-performance materials across various industries. Composites, which consist of a matrix material reinforced with reinforcement fibers such as glass, aramid, or carbon, offer advantages over traditional materials like steel in terms of weight reduction, strength, and durability. Key end-use sectors driving the market include automotive and transportation, aerospace and defense, pipes and tanks, electrical and electronics, sports and recreation, and infrastructure projects. In the automotive industry, the shift towards lightweight automobiles to reduce fuel consumption and improve performance is boosting the demand for composite materials.
Similarly, In the aerospace sector, the need for lighter and stronger materials to reduce fuel consumption and improve aircraft efficiency is a significant trend. Moreover, the use of advanced composites, such as polymer matrix composites made of thermoplastic resins, ceramic matrix composites, and metal matrix composites, is gaining popularity due to their superior properties. The integration of nanotechnology in composite materials is also expected to open up new opportunities for market growth. Overall, the market In the US is poised for robust growth In the coming years.

How is this Composite Materials Industry segmented and which is the largest segment?

The composite materials industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2017-2022 for the following segments.

Type

  Glass fiber
  Carbon fiber
  Aramid Fiber
  Others


End-user

  Electricals and electronics
  Construction
  Aerospace and defense
  Others


Manufacturing Process

  Layup Process
  Filament Winding Process
  Injection Molding Process
  Pultrusion Process
  Compression Molding Process
  Resin Transfer Molding Process
  Others


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    India


  South America



  Middle East and Africa

By Type Insights

The glass fiber segment is estimated to witness significant growth during the forecast period. The market encompasses the production and application of materials made from reinforcing fibers embedded in a matrix of polymeric or metallic materials. Among various types, carbon fiber composites have gained significant traction due to their superior strength-to-weight ratio, high stiffness, and resistance to heat, temperature, and moisture. These properties make carbon fiber composites an ideal choice for the automotive industry, particularly In the manufacturing of electric and fuel-efficient vehicles. Additionally, carbon fiber composites are utilized in recreational goods, maintenance technology, and as pressure vessels for CNG and hydrogen storage. The market's growth is driven by the increasing demand for lightweight and durable materials in various industries, as well as the shift towards sustainable transportation solutions.

Key applications include aerospace, automotive, construction, wind energy, and marine industries. The development of advanced manufacturing technologies and stringent safety standards further bolsters the market's growth prospects.

Get a glance at the Composite Materials Industry report of share of various segments Request Free Sample

The glass fiber segment was valued at USD 19.34 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 29% to the growth of the global market during the forecast period. Technavio's

This statistic shows the market size forecast of aramid advanced composites in the United States from 2018 to 2024, by application. It is forecasted that automotive products made from aramid advanced composites will have a U.S. market value of 319 million U.S. dollars in 2024.

This statistic shows the forecast compound annual growth rate (CAGR) of the market value of graphene-enhanced composites worldwide between 2018 and 2023, by composite type. It is forecast that between 2018 and 2023, the global market value of graphene-enhanced metal composites will grow by a CAGR of 25.41 percent.

The high performance composites market is expected to be valued at US$ 13.9 billion in 2024. The high performance composites are predicted to rise at a promising CAGR of 10.3% from 2024 to 2034. The global market is anticipated to reach US$ 36.8 billion by 2034.

Attributes	Key Insights
Estimated Market Size in 2024	US$ 13.9 billion
Projected Market Value in 2034	US$ 36.8 billion
Value-based CAGR from 2024 to 2034	10.3%

2019 to 2023 Historical Analysis vs. 2024 to 2034 Market Forecast Projections

Historical CAGR from 2019 to 2023	12.7%
Forecast CAGR from 2024 to 2034	10.3%

Country-wise Analysis

Countries	Forecast CAGRs from 2024 to 2034
The United States	10.6%
South Korea	10.8%
Japan	11%
China	11.1%
The United Kingdom	10.9%

Category-wise Insights

Category	CAGR from 2024 to 2034
Thermoset Resins	10.2%
Carbon Fiber Composites	10.1%

Report Scope

Attributes	Details
Estimated Market Size in 2024	US$ 13.9 billion
Projected Market Valuation in 2034	US$ 36.8 billion
Value-based CAGR 2024 to 2034	10.3%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in US$ billion
Key Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia Middle East and Africa
Key Market Segments Covered	Resin Type Fiber Type Application Region
Key Countries Profiled	The United States Canada Brazil Mexico Germany The United Kingdom France Spain Italy Russia Poland Czech Republic Romania India Bangladesh Australia New Zealand China Japan South Korea GCC countries South Africa Israel
Key Companies Profiled	Toray Industries Inc. Solvay S.A. Hexcel Corporation SGL Group-The Carbon Company TPI Composites Koninklijke TenCate NV Owens Corning Corporation BASF SE Teijin Limited Albany International Corporation

The Aerospace Composites Market will grow at a CAGR of 12.3% during the forecast period, with an estimated size and share crossing USD 73.36 billion by 2032.

U.S And Canada Wood Plastic Composites (WPC) Market size was valued at USD 1,888.61 Million in 2023 and is projected to reach USD 3,663.68 Million by 2031, growing at a CAGR of 8.59% from 2024 to 2031.

U.S And Canada Wood Plastic Composites (WPC) Market Overview

Wood fibers’ natural durability and aesthetic appeal are combined with the robustness and adaptability of thermoplastics to develop engineered WPCs. Usually, a combination of thermoplastic polymers like polyethylene, polypropylene, or PVC and wood particles or fibers like sawdust, wood chips, or wood flour comprise the composition. These components are blended through various production techniques, including extrusion, injection molding, and compression molding.

The increased focus on environmental preservation and sustainability drives the wood plastic composites market. Industries are looking for environmentally acceptable substitutes for conventional materials as global awareness of resource scarcity and climate change increases. Moreover, the demand for wood plastic composites in the architectural and automotive sectors is rising because of their affordability and ease of application in non-structural areas like columns, staircases, and balconies. Additionally, as compared to their alternatives, wood plastic composites have distinct focus points. Since they are robust, rust-free, low-maintenance, and temperature-tolerant, they are used in advertisements, automobile speakers, home furnishings, and kitchen appliances. The demand for wood plastic composites has increased countrywide as a result of this.

Due to the preceding variables that propel the growth of the wood plastic composite market, industrialization and urbanization are responsible for developing the construction and building segments in the countries. Moreover, Consumers looking for low-maintenance items might consider Wood Plastic Composites intriguing due to their low-maintenance needs. WPCs are not required to be painted, stained, or sealed to keep their aesthetic appeal and structural integrity as natural wood does. While seeking materials that can last the test of time without requiring much maintenance, homeowners, builders, and infrastructure developers find this feature very appealing.

Although the initial costs of manufacturing WPCs can be more significant than those of traditional materials, they are projected to be more cost-effective over time due to their longevity and reduced maintenance requirements. This cost aspect might prevent some prospective users from using wood-plastic composites in their projects, particularly in regions where consumers are price-sensitive.

Furthermore, although wood-plastic composites are a flexible material, consumers may still feel that their design freedom is less than that of certain traditional materials. WPCs can be more challenging to work with when making detailed patterns and complicated shapes, which limits their use in some architectural and design applications. Additionally, variations in performance standards and inconsistent quality across producers impede market expansion. The need for long-lasting and environmentally friendly materials like WPC is projected to rise as infrastructure construction continues, offering prospects for market expansion.

Snapshot img

Thermoset Composites Market Size 2024-2028

The thermoset composites market size is forecast to increase by USD 17.86 billion, at a CAGR of 6.1% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand for lightweight materials in various industries, including automotive, aircraft manufacturing, marine, pipe and tank, construction, transportation, wind energy, aerospace and defense, and electrical and electronics. One of the key drivers is the wind power sector, which is witnessing a rise in capacity additions. However, the high cost of thermoset composites remains a challenge for market growth. In the automotive industry, the trend towards producing fuel-efficient and lightweight vehicles is driving the demand for these materials. In the aerospace and defense sector, thermoset composites are used extensively due to their high strength-to-weight ratio and excellent thermal stability. In the marine industry, they are used for boat hulls and other structural components due to their resistance to water and chemicals. In the construction industry, thermoset composites are used for insulation and roofing materials due to their fire resistance and durability.

What will be the Size of the Market During the Forecast Period?

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The market represents a significant segment within the advanced materials industry, driven by the unique properties of these materials. Thermoset composites are known for their high strength, excellent physical properties, and stiffness-to-density ratios. These characteristics make them a preferred choice in various industries, including aerospace and defense, interior components, and the electrical and electronics sector. In the aerospace and defense industry, thermoset composites play a crucial role in reducing airframe weight, enhancing fuel economy, and lowering operational costs. These materials contribute to the manufacturing of aircraft components, such as wing structures, fuselage panels, and engine components. In the electronics sector, thermoset composites are used in the production of printed circuit boards and other electronic components due to their excellent insulating properties and dimensional stability. The construction sector also benefits from the use of thermoset composites, particularly in pipe and tank applications. These materials offer excellent resistance to chemicals, heat, and impact, making them suitable for use in infrastructure projects and water treatment facilities. In the transportation sector, thermoset composites are used in automotive applications, such as body panels and structural components, to improve fuel efficiency and reduce vehicle weight.
Moreover, the growing trend towards sustainability in various industries has led to the increased use of eco-friendly thermoset composite resin formulations. These formulations offer the same high-performance properties as traditional thermoset composites but with a reduced environmental impact. The wind energy sector is a significant user of eco-friendly thermoset composites, particularly in the production of wind turbine blades. The adoption of digital manufacturing technologies, such as 3D printing and automation, is driving innovation in the market. Collaboration and partnerships between industry players and research institutions are also contributing to the development of new applications and resin formulations. In emerging economies, infrastructural investments in various sectors, such as transportation, construction, and electronics, are expected to fuel the growth of the market.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Resin Type

  Polyester resin
  Epoxy resin
  Others


Geography

  APAC

    China
    Japan


  North America

    US


  Europe

    Germany
    UK


  South America



  Middle East and Africa

By Resin Type Insights

The polyester resin segment is estimated to witness significant growth during the forecast period.

Polyester resins are a popular choice for manufacturing composites due to their desirable properties, including ease of handling, cost-effectiveness, and excellent mechanical, chemical resistance, and electrical properties. One notable attribute of polyester resins is their affinity for bonding with glass fibers, resulting in high-performance composites. Once cured, these composites exhibit water and weather resistance, making them suitable for applications in harsh environments. The applications of polyester resins span various industries. In the aerospace and defense sector, they are used in aircraft manufacturing for producing lightweight and strong components. I

Global Composites Market size was worth US$ 108.64 billion in 2023 and is estimated to reach US$ 204.50 million by 2031

The Wood Plastic Composites Market approximate to surpass US$ 17.54 billion, with a forecasted CAGR of 9.4% by 2032 according to projections.

The carbon fiber composites market is projected to expand from USD 23.7 billion in 2025 to USD 44.7 billion by 2035, growing at a CAGR of 6.5% during the forecast period. This steady growth reflects increasing demand and advancements in the industry, driving significant investment and innovation across various sectors.

Metrics	Values
Industry Size (2025E)	USD 23.7 billion
Industry Value (2035F)	USD 44.7 billion
CAGR (2025 to 2035)	6.5%

Country-wise Analysis

Countries	CAGR (2025 to 2035)
USA	5.5%
UK	5.9%
European Union (EU)	6.1%
Japan	6.3%